25101 Chagrin Boulevard, Suite 350
Cleveland, OH 44122
Zanite is targeting companies in the Aviation, Aerospace & Defense, Urban Mobility, and Emerging Technology sectors with an Enterprise Value of $750M+
Zanite is targeting companies in the Aviation, Aerospace & Defense, Urban Mobility, and Emerging Technology sectors
with an Enterprise Value of $750M+
The extensive relationship networks and reputational track records of our management team will help provide us with a pipeline of proprietary transaction opportunities not otherwise available to most participants in the marketplace.
Over the course of sourcing, reviewing, and managing over numerous private investment opportunities over the past 20 years, our team has built the processes and knowledge base to identify, review, and execute transactions quickly and reliably
The institutional knowledge of our management team will enable us to source, design, and consummate a transaction that aligns the incentives of all constituents and creates an attractive risk/reward profile that delivers on our investment thesis.
The Zanite Leadership Team together with decades of public company experience in Aviaiton, Aerospace and Defense, Technology and Urban Mobility Is uniquely qualified to create long term sustainable value for the shareholders of Zanite.
Rigorously researched and clearly articulated hypotheses for target verticals, geographies, and companies enable management to repeat its track record of past success by selectively investing in an industry it deeply understands.
25101 Chagrin Boulevard, Suite 350
Cleveland, OH 44122
© Copyright 2020 Zanite Acquisition
Steve also is an occasional commentator on the private equity industry and its investing Kenneth Ricci is a 40-year aviation industry veteran who today is a Principal of Directional Aviation Capital which owns various aviation enterprises including Flexjet, Sentient Jet, PrivateFly, Tuvoli, Nextant Aerospace, Stonebriar Commercial strategies and practices, having appeared in such media outlets as Fox Business News, Finance, Reva Air Ambulance, Corporate Wings, Simcom and Constant Aviation. Kenn began his aviation career as an Air Force ROTC cadet at the University of Notre Dame and started his first company, Corporate Wings, in 1980. His love of Buyouts and The Deal and on Bloomberg Television’s Money Moves and CNBC’s Power aviation had him founding, acquiring or financing a broad range of aviation companies and ideas over his career. He has assembled one of the largest groups of private aviation companies which together account for over $2.0 billion of revenue, Lunch.
operate over 150 aircraft and employee over 2,000 individuals. Kenn was honored as an Ernst & Young Entrepreneur of Year in 2000 and has been named one the most influential people in aviation by Aviation International News. In 2005, Kenn led the restructuring of the Mercury Air Centers, a $200 million company operating aircraft support facilities at 24 different airports and sold the Company to Macquarie Infrastructure Trust (MIC) in 2007 in a deal valued at $615 million. In 2010, Kenn received the Harvard Business School’s Dively Entrepreneurship Award. In 2011, Kenn was the youngest recipient of the prestigious William A. “Bill” Ong Memorial Award for extraordinary achievement and extended meritorious service to the general aviation industry. Kenn is the founder of Nextant Aerospace, the innovator of Aircraft Remanufacturing. In 2015, Kenn received the Aviation Week Laureate Award, a benchmark of industry excellence, recognizing his work and development at Nextant Aerospace. In 2016, Kenn the received the “Lifetime Aviation Entrepreneur Award” from the Living Legends of Aviation. In 2019, was inducted as a Living Legend of Aviation. The “Living Legends of Aviation” are admirable people of remarkable accomplishment in aviation including: Entrepreneurs, innovators, industry leaders, record breakers, astronauts and pilots. He is an airline transport pilot with extensive International experience and was Governor William Clinton’s pilot when he ran for President in 1992. Kenn graduated from the University of Notre Dame and recently announced the first ever $100 million gift to the University. He also graduated from the Cleveland Marshall School of Law, where he was named as their distinguished alumni of the year in 2016 and named to their Alumni Hall of fame in 2018. Kenn serves on the Board of Trustees for the University of Notre Dame and the Smithsonian. In 2014, Kenn was honored by the Northeast Ohio Chapter of the Cystic Fibrosis Foundation for championing research and treatment of the disease, which effects 30,000 children and adults in the United States. Kenn’s management strategies have been featured in the Wall Street Journal and he is the Author of “Management by Trust”, a book featuring practical management techniques for building employee trust and success.
Steven H. Rosen, our Co-Chief Executive Officer, is the Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners, where he is involved with all aspects of the firm’s operations, including developing and maintaining relationships with investors and investment intermediaries and the firm’s strategic planning efforts. An alumnus of the University of Maryland, Steven also received an MBA from the Weatherhead School of Management at Case Western Reserve University. He is a member of many professional organizations, including the Ohio Chapter of the Turnaround Management Association and the Cleveland chapter of the Young Presidents Organization. Steven also serves on the boards of directors of several companies, including public companies Park-Ohio Holdings Corp., Crawford United Corporation and AmFin Financial Corporation. As an inventor, Steven has been granted 6 patents by The United States Patent and Trademark Office.
Michael is a principal in Directional Aviation Capital. Michael joined Corporate Wings in 1984 and has been a leader in the development of innovative business strategies in the aviation industry. Rossi’s extensive experience touches on all areas of general aviation, including jet fractional ownership, jet card programs, fixed-based operations, maintenance facilities, management of aircraft and the buying and selling of corporate aircraft. He has also been involved in the financing, purchases, mergers and divesting of all facets of general aviation mentioned above. In 2005, Rossi served as the Chief Financial Officer of the restructured Mercury Air Centers, where he was instrumental in increasing EBITA by over 200%, a result of acquisitions and operating efficiencies. Mercury Air Centers’ 24 FBOs were ultimately sold to Macquarie Infrastructure Trust in 2007 in a deal valued at $615 million. Currently Rossi works with all Directional Aviation’s companies, providing guidance with capital, financing and operational needs and strategies. A graduate of John Carroll University, Michael is a Certified Public Accountant.
John B. Veihmeyer was appointed to the Financial Accounting Foundation (FAF) Board of Trustees in January 2015. His term concluded on December 31, 2019. Mr. Veihmeyer is the retired chairman of KPMG International. In that role, he has advised many of the world’s leading companies on financial reporting, audit quality, risk, governance, educational issues, ethical leadership, and diversity and inclusion. Mr. Veihmeyer also is a nationally-recognized voice on issues of diversity and inclusion; and an expert in creating high-performance cultures and building and directing senior management teams.
Before becoming its chairman, Mr. Veihmeyer held numerous leadership roles at KPMG, including chairman and CEO of KPMG in the United States, deputy U.S. chairman; managing partner of KPMG’s Washington, D.C. operations; and global head of Risk Management and Regulatory. Mr. Veihmeyer is a member of the board of trustees of the University of Notre Dame, and the board of the Wolf Trap Foundation for the Performing Arts. He previously served as a member of the board of Catalyst, whose mission is to expand opportunities for women in business, and the Committee Encouraging Corporate Philanthropy (CECP). Previously, he served as a member of the Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies. He holds a bachelor’s degree in accounting from the University of Notre Dame Mendoza College of Business.
Ronald D. Sugar served as Chairman of the Board and Chief Executive Officer of Northrop Grumman from 2003 until his retirement in 2010. During his tenure, Northrop Grumman grew to become one of the world’s largest aerospace and defense companies, with 120,000 employees and $35B annual revenue. Prior to joining Northrop Grumman in 2001, Sugar held senior operating, technical, and financial positions at TRW Inc. and Litton Industries. He is currently a director of Apple Inc., Chevron Corporation, Amgen Inc., and Chairman of Uber Technologies. He also serves as senior advisor to the private investment firm Ares Management LLC, Bain & Co., and Singapore’s Temasek Investment Company. He is a trustee of the University of Southern California, where he also holds the Judge Widney as Professor of Management and Technology, member of UCLA Anderson School of Management board of advisors, and director of the Los Angeles Philharmonic Association. He is past chairman of the Aerospace Industries Association, a member of the National Academy of Engineering, and a fellow of both the American Institute of Aeronautics and Astronautics and the Royal Aeronautical Society. He was appointed earlier by the President of the United States to the National Security Telecommunications Advisory Committee. He received BS (summa cum laude), MS, and PhD degrees in engineering from UCLA and was subsequently honored as UCLA Alumnus of the Year.
Flynn has been senior vice president of marketing and sales for Gulfstream Aerospace since 2008. From 2001 until 2008 he was president of Gulfstream Product Support. He became a vice president of General Dynamics Corp. in October 2001.In announcing Flynn's appointment Lombardo said, "Larry Flynn has a broad base of operational and customer focused experience that will serve him well as he leads Gulfstream into the future. His direction of Gulfstream's marketing and sales organization has given Larry exceptional insight into the needs of the increasingly international customer base. Flynn joined Gulfstream in May 1995 as vice president of aircraft services, bringing with him more than 25 years of experience in managing aircraft service facilities. Before joining Gulfstream, he was vice president, Location Based Services, for Stevens Aviation, where he was responsible for managing maintenance facilities and overseeing service on various models of corporate jets. Earlier, Flynn served as a regional vice president for Signature Flight Support and as executive vice president and general manager for AMR Combs. Flynn earned a bachelor's degree in business administration and a master's degree in manpower management from the University of Kansas. Flynn serves on the Associate Member Advisory Council (AMAC) of the National Business Aviation Association (NBAA). He is also a past member of the Board of Directors for the Professional Aviation Maintenance Association (PAMA), the national association for aviation maintenance professionals.
Jerry is a senior leader with strategic and operational expertise in transforming businesses into global, Tier-1 enterprises by effectively developing new products/services, expanding into adjacent markets, scaling operational processes, deploying capital, and cultivating customer relationships to drive both organic and accretive growth. He has extensive governance experience serving on Boards of Directors for public, private and non-profit enterprises. His operational strengths have been consistently executed by assembling high-functioning, aligned global teams with a culture of transparency and accountability that have earned market leader position in earnings and return on invested capital. At BAE and General Dynamics, he secured Board approval and successfully managed the acquisition and integration of 25 companies as well as 10 divestitures with a cumulative value of $5B. Of significant value is the perspective he has gained serving commercial and military customers in the United States, Australia, Canada, UK, Continental Europe, NATO, Middle and Far East, India and Africa, and the deep understanding of Federal Government structure and key relationships. As President and CEO of BAE Systems, Inc., Jerry was responsible for the leadership and governance of one of the largest U.S. aerospace and defense contractors with 2019 revenues in excess of $11B and strong presence in the United States, United Kingdom, and numerous markets aroundthe world. Revenue, earnings and cash has grown throughout his tenure. He serves as an Executive Director of the independent BAE Systems, Inc. Board of Directors, which provides oversight of the U.S. operations and assures the independence of operations required for participation in U.S. defense programs. In his unique role, also served a member of the plc Board of Directors and Executive Committee of BAE Systems plc, responsible for determining and delivering the business strategyandgovernanceforthe overall group. Executive Vice President and Corporate Vice President at General Dynamics, Jerry directed strategic development and operational performance of the $11.7 billion Information Systems and Technology (IS&T) Group, leading 44,000 employees and 6,000 active contracts, and providing a diverse portfolio of complex systems, products and services todefense andcommercial customers worldwide. In this roleheachievedhighlevelsoffinancialsuccessbyfocusingonan overall strategic vision then aligning the portfolio, specific business unit strategies & execution, accordingly to accelerate growth by expanding commercial & international business, and enhancing operational, business development and strategic standards. He joined GD as President, Communications/Systems and C4 Systems after the company acquired his prior company,
GTE Government Systems. In his previous career roles Jerry had a 13 year run with GTE Government Systems, where in his last position as Vice President and General Manager, he directed all division operations of their Communication Systems, including strategic planning, business development, P&L, R&D, as well as staffing, retention, and employeedevelopment. Priorto that, he served as an acquisition official for the Department of Defense. Jerry has been actively involved with outside organizations including the Aerospace Industries Association where he serves on the Executive Committee and Board of Directors and AFCEA International as a member of the Executive, Governance and Succession Committees and as Chair of the Audit Committee. He has also worked with the Association of the United States Army; is a former member of the MILCOM Conference Board and served on the Board of the National Science Center as well as the local Boys and Girls Club. Jerry received his MBA from Fairleigh Dickinson University, and his B.A. from the University of Pittsburgh.